Alexander And Kline Give Statement On Student Loan Interest Rate Report

Friday, January 31, 2014

Senator Lamar Alexander and House Education and the Workforce Committee Chairman John Kline (R-Mn.) issued the following joint statement after the Government Accountability Office (GAO) released a report on federal student loan interest rates:

“Today’s GAO report makes it clear that Congress was exactly right to tie student loan interest rates to market rates, because that is the fairest way to ensure the loans don’t overcharge either students or taxpayers. The Bipartisan Student Loan Certainty Act cut interest rates for undergraduate loans nearly in half and made all student loans cheaper, simpler and more certain.”

The Bipartisan Student Loan Certainty Act (also known as the Smarter Solutions for Students Act) included a provision directing the GAO to provide information on issues related to the cost of federal student loans. Specifically, the report was intended to help members of Congress determine whether there was an ideal federal student loan interest rate that would ensure the government could cover Direct Loan costs without generating excess revenue. To read the full report, entitled “Borrower Interest Rates Cannot Be Set in Advance to Precisely and Consistently Balance Federal Revenues and Costs,” click here.


Georgia Northwestern Offers "Free Leap Day"

Georgia Northwestern Technical College (GNTC) is offering "Free Leap Day" to help community members earn their GED diploma. On Feb. 29, any student or potential student may take any of the GED practice tests free of charge. Call one of the following centers to schedule an appointment.   Catoosa County – Ringgold – (706) 965-6155 extension 7 Chattooga County ... (click for more)

UTC Students To Be Honored At Stophel Scholarship Reception Thursday

Chambliss, Bahner & Stophel, P.C. will host the Chattanooga business community to honor and recognize 10 UTC students who have shown dedication and excellence in their studies.  The Stophel Scholars program connects students to leaders in Chattanooga’s business community and a reception will be held Thursday from 5:30-7 p.m. at Chambliss Conference Center, Liberty ... (click for more)

Hamilton County Schools Closed Tuesday Due To Icy Road Conditions

Due to icy road conditions in the mountain areas, Hamilton County School will be closed today. School age child care will be also be closed. Twelve month employees will report by 10 a.m. Marion, Grundy and Polk schools are closed Tuesday due to the inclement weather. Hamilton County Schools will be on a two-hour delay on   Tuesday . School Age Child Care ... (click for more)

Brandon Bettis, 25, Arrested For Home Invasion; 2 Other Suspects Being Sought

Brandon Bettis, 25, was arrested after a home invasion early Monday morning, and two other suspects are being sought. Chattanooga Police responded to the 1100 block of Thomas Lane at 6:30 a.m. on the report of a home invasion robbery.  The suspects entered the home of the victims, James Shrum, 47, and Hillary Schooley, 25.   The victims were wakened and threatened ... (click for more)

The City Failed To Watch The Chattanooga History Museum Dollars - And Response (3)

The tell tale signs of the History Museum's folly have been evident for years. When I was a former member of City Council I interviewed Dr. Daryl Black, Ph.D. to determine if I should argue for or against the annual funding of his organization. His interview, the multi-year history of administrative non-performance (despite consistent repetitive funding), and a review of the organizational ... (click for more)

Roy Exum: The Momma Bears Roar

If I could count Hamilton County’s best educators on one hand, Normal Park Elementary Principal Jill Levine would be the biggest finger. What she and her faculty and a dazzling commitment from both her students and parents have accomplished is an educational dream. I am told people literally move to North Chattanooga just so their children will be zoned for the award-winning school. ... (click for more)